Cormark Issues Optimistic Forecast for Equinox Gold Earnings

Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) - Equities research analysts at Cormark increased their Q2 2025 EPS estimates for shares of Equinox Gold in a research report issued to clients and investors on Wednesday, July 9th. Cormark analyst R. Gray now expects that the company will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.16. The consensus estimate for Equinox Gold's current full-year earnings is $0.85 per share. Cormark also issued estimates for Equinox Gold's FY2025 earnings at $0.72 EPS.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The company had revenue of $423.72 million for the quarter, compared to analyst estimates of $404.00 million. During the same period in the prior year, the company earned ($0.13) EPS. The company's revenue was up 75.6% compared to the same quarter last year.

A number of other research firms have also recently weighed in on EQX. CIBC restated a "neutral" rating on shares of Equinox Gold in a report on Friday, June 13th. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a report on Friday, June 13th. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets initiated coverage on Equinox Gold in a report on Wednesday, June 18th. They issued an "outperform" rating for the company. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Equinox Gold Stock Up 1.3%

Shares of NYSEAMERICAN:EQX opened at $6.11 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. Equinox Gold has a 1 year low of $4.48 and a 1 year high of $7.45. The stock has a market capitalization of $4.62 billion, a P/E ratio of 12.22 and a beta of 1.11. The stock has a 50-day simple moving average of $6.35 and a 200-day simple moving average of $6.21.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tobam acquired a new position in shares of Equinox Gold in the 1st quarter valued at $29,000. Parvin Asset Management LLC acquired a new position in shares of Equinox Gold in the 4th quarter valued at $38,000. BNP Paribas Financial Markets acquired a new position in shares of Equinox Gold in the 4th quarter valued at $47,000. Continuum Advisory LLC boosted its position in shares of Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock valued at $52,000 after purchasing an additional 2,620 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Equinox Gold in the 4th quarter valued at $56,000. 38.85% of the stock is owned by institutional investors and hedge funds.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.

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